Institutional Manager · CIK 0001862282

Pallas Capital Advisors LLC

BRAINTREE, MA · File #028-21223

Latest AUM

$3.03B

Positions

882

Top-10 Concentration

52.6%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
ADD	SPDR S&P 500 ETF TR	SPY	+28,767	+$19.6M	+$167,298
ADD	JANUS DETROIT STR TR	47103U852	+173,403	+$7.9M	+$29,443
ADD	SELECT SECTOR SPDR TR	81369Y803	+45,735	+$6.6M	-$5.9M
REDUCE	ALPHABET INC	GOOG	-19,182	-$6.0M	+$12.0M
ADD	NETFLIX INC	NFLX	+59,434	+$5.6M	-$6.7M
ADD	ATLASSIAN CORPORATION	TEAM	+30,719	+$5.0M	+$12,522
REDUCE	ORACLE CORP	ORCL-PD	-22,821	-$4.4M	-$5.6M
ADD	ISHARES TR	464287200	+6,371	+$4.4M	+$451,095
NEW	SPDR SERIES TRUST	78468R853	+85,665	+$4.0M	$0
ADD	WISDOMTREE TR	WT	+74,697	+$3.8M	+$12,149

Sector Allocation

Technology

12.5%$377.6M

Financials

6.0%$183.0M

Healthcare

4.8%$146.1M

Consumer Discretionary

4.3%$129.9M

Industrials

4.0%$122.6M

Materials

2.1%$65.2M

Energy

2.0%$62.0M

Communication Services

1.6%$48.6M

Consumer Staples

1.0%$30.5M

Real Estate

0.4%$13.5M

Utilities

0.4%$12.7M

Filing History

Jan 14, 202613F HOLDINGS REPORTQ/E Dec 2025882 pos · $3.03B
Nov 7, 202513F HOLDINGS REPORTQ/E Sep 2025871 pos · $2.72B
Jul 9, 202513F HOLDINGS REPORTQ/E Jun 2025859 pos · $2.63B
Apr 14, 202513F HOLDINGS REPORTQ/E Mar 2025762 pos · $2.41B
Jan 13, 202513F HOLDINGS REPORTQ/E Dec 2024582 pos · $2.34B
Oct 25, 202413F HOLDINGS REPORTQ/E Sep 2024598 pos · $2.34B
Jul 22, 202413F HOLDINGS REPORTQ/E Jun 2024504 pos · $2.22B
Apr 15, 202413F HOLDINGS REPORTQ/E Mar 2024432 pos · $2.40B
Nov 1, 202313F HOLDINGS REPORTQ/E Dec 2023345 pos · $1.64B

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	BRUKER CORP	BRKRP	9,480,665	$446.6M	24.33%
2	JANUS DETROIT STR TR	47103U852	1,647,295	$75.3M	4.10%
3	MICROSOFT CORP	MSFT	154,732	$74.8M	4.08%
4	GLOBAL PARTNERS LP	GLP-PB	1,627,973	$68.1M	3.71%
5	APPLE INC	AAPL	236,534	$64.3M	3.50%
6	AMAZON COM INC	AMZN	238,235	$55.0M	3.00%
7	NVIDIA CORPORATION	NVDA	293,486	$54.7M	2.98%
8	ALPHABET INC	GOOG	152,147	$47.6M	2.59%
9	FIDELITY MERRIMACK STR TR	316188309	875,591	$40.3M	2.20%
10	SCHWAB STRATEGIC TR	808524755	854,093	$38.6M	2.10%
11	DIMENSIONAL ETF TRUST	25434V807	763,071	$38.1M	2.07%
12	J P MORGAN EXCHANGE TRADED F	46654Q716	683,422	$37.0M	2.01%
13	BROADCOM INC	AVGO	106,151	$36.7M	2.00%
14	FIDELITY COVINGTON TRUST	31609A404	1,001,543	$36.6M	2.00%
15	DIMENSIONAL ETF TRUST	25434V203	942,337	$35.9M	1.96%
16	J P MORGAN EXCHANGE TRADED F	46641Q373	489,352	$35.4M	1.93%
17	J P MORGAN EXCHANGE TRADED F	46641Q134	423,633	$31.7M	1.73%
18	JPMORGAN CHASE & CO.	VYLD	95,554	$30.8M	1.68%
19	BLACKROCK ETF TRUST II	BLK	559,818	$29.0M	1.58%
20	SPDR S&P 500 ETF TR	SPY	39,396	$26.9M	1.46%